Suraj Estate Developers, a key player in Mumbai’s real estate sector, is preparing to launch an ambitious luxury residential project in Dadar, one of the city’s most sought-after areas. The project, which will be situated near the iconic Shivaji Park, is estimated to be worth Rs 80 crores. It will include premium 2 BHK and 3 BHK apartments designed to cater to the growing demand for high-end housing in the area.
The company has secured a prime plot of land near Shivaji Park for Rs 4.75 crores. This land will be developed into luxury residences, with plans to leverage the Floor Space Index (FSI) benefits as per Regulation 33(7) and the potential clubbing schemes available under Regulation 33(7)(22) of the Development Control and Promotion Regulations (DCPR) 2034. These regulations will allow for higher development potential, ensuring that the project maximises the use of available space while providing residents with a luxurious living experience. The new development will offer approximately 16,000 square feet of saleable carpet area, featuring spacious and modern apartments. Residents will enjoy premium living with scenic sea views, which further enhance the appeal of the property. The location’s proximity to the upcoming Siddhivinayak Metro Station will offer excellent connectivity to the rest of Mumbai, making it an attractive choice for homebuyers seeking convenience alongside luxury.
Shivaji Park is a central, iconic part of Dadar, known not only for its sprawling open spaces but also for its cultural significance. The area’s charm is further enhanced by its central location, which makes it a hub for both residential and commercial developments. This strategic positioning ensures that the luxury project will be highly desirable, catering to the affluent demographic looking for upscale housing in an accessible and vibrant part of the city. Suraj Estate Developers has a long and successful track record in Mumbai’s real estate market. Established in 1986, the company has built a reputation for delivering quality residential and commercial developments across South Central Mumbai. With a strong presence in the redevelopment sector, Suraj Estate Developers holds a 61% market share in the region and has completed over 1,011 homes. The company is known for its focus on high-quality construction, timely delivery, and innovative design, making it one of the most trusted names in the industry.
This new project at Shivaji Park is part of the company’s larger strategy to continue expanding its footprint in premium residential developments. Suraj Estate Developers has successfully diversified its portfolio, with a mix of completed projects and ongoing developments. The company is currently working on 13 ongoing projects, which collectively account for over 6 lakh square feet of saleable area. Additionally, it has plans for 18 new projects, including high-profile developments in Bandra and Mahim, indicating its ambitious growth trajectory in Mumbai’s competitive real estate market. The project in Dadar will be developed with a strong focus on sustainability, aligning with the global trend of eco-friendly and energy-efficient construction. In addition to offering modern, high-quality homes, the developer is committed to integrating green building practices, which are increasingly important to today’s environmentally conscious consumers. The developer’s commitment to sustainability and environmentally responsible practices will appeal to buyers who are looking for homes that support a greener lifestyle while still offering the best in luxury living.
The rising demand for luxury homes in Mumbai is driven by the increasing number of affluent individuals seeking high-end residential spaces in well-connected areas. Dadar’s growing appeal as a premium neighbourhood is also contributing to this demand. With its cultural heritage, vibrant community, and prime location, Dadar is attracting buyers who value both luxury and convenience. The addition of a premium development by Suraj Estate Developers will further enhance the area’s status as one of Mumbai’s most desirable residential destinations. The project is expected to be a significant contributor to the city’s luxury real estate market, offering a unique combination of modern design, sustainable construction, and a prime location. As urbanisation continues to accelerate in Mumbai, the need for well-planned, high-end residential spaces is more pressing than ever. Suraj Estate Developers’ new venture in Dadar is poised to meet this demand, providing a top-tier living experience that reflects the city’s evolution towards a more sophisticated and sustainable urban environment.
In conclusion, Suraj Estate Developers’ upcoming Rs 80 crore luxury project in Dadar’s Shivaji Park promises to be a landmark development in Mumbai’s premium housing sector. With a focus on high-quality construction, modern design, and sustainability, the project will offer prospective homebuyers an unparalleled living experience in one of Mumbai’s most prestigious neighbourhoods. The project’s prime location, along with the developer’s track record of successful ventures, ensures that it will be a highly anticipated addition to the city’s real estate landscape.
